SolarGaps offering is now closed and is no longer accepting investments.
INVEST IN SOLARGAPS TODAY!
Smart Solar Blinds
$105,036.37 Raised
REASONS TO INVEST
Novel Product: Smart solar blinds that shade and generate energy automatically, utilizing window areas for green energy generation and reducing electricity bills and CO2 emissions. SolarGaps won global awards from Amazon, SVIEF, European Bank of Reconstruction and Development, TechTour, Katerva and The Smarter E.
Huge Market Potential: With the constant growth of electricity prices worldwide and climate change, the global cleantech market is estimated to reach more than $6.4T by the end of the year.
Solid Traction: 300+ large installations and 20+ distributors around the globe.
Overview
Democratizing clean energy - all by creating your own
The Henry Ford: SolarGaps Review
Since 2015, SolarGaps has been on a mission to make energy free and accessible to all.
That’s why we are pioneering a method of energy distribution that will power the offices, homes, and cities of the future - all through our energy generating smart blinds.
Installed on the outside of the building, our solar blinds will not only lower power bills, but will also provide active shading to reduce air conditioning usage and shrink carbon footprints.
With that, we are here to democratize clean energy, incentivizing people to create their own.
Our Story:
THE PROBLEM & OUR SOLUTION
37% of electricity is spent in cities on air conditioning by 56% of the world's population (4.4 billion inhabitants live in cities)*
We believe SolarGaps smart solar blinds address two important global issues: carbon pollution and energy inefficiency of existing buildings.
Our blinds automatically adjust the angle for the most effective solar energy capturing and better shading performance. They maintain desired room temperature, control light, adjust to customer daily habits and changing weather conditions, and integrate into various smart home and commercial buildings management systems.
Because our solar blinds can capture energy on the vertical facades of buildings, we offer a way for homeowners to directly power their homes and apartments without an expensive rooftop installation.
Powerful Renewable Technology to Power Cities:
Enterprise Customers
THE MARKET & OUR TRACTION
300+ installations, 200+ distributors, and already targeting a trillion dollar market
With rising electricity prices and climate change, the global clean tech market is estimated to reach more than $6.4 trillion by the end of the year. (source) We think our constant revenue and production growth only confirm that clean tech and renewable energy markets are on the rise.
Our solution not only generates green energy, but also serves as a heat shield that improves the sustainability of the building. With that, we believe SolarGaps is one of the only solar solutions that shades and generates energy automatically.
We are already producing on a large scale, attracting high level companies in the US, Germany and Spain.
WHY INVEST
We think the world is starting to move into renewable energy
We believe SolarGaps will soon become a mainstream product in cities, helping people save billions on energy bills, and benefiting the planet by reducing our carbon footprint.
This funding will help us to scale up the product into the B2B version to boost sales growth and promotion, as well as add more product functionality.
To us, climate change and rising costs of energy aren’t going anywhere. Join us on our mission to democratize energy for all, helping people and the planet.
ABOUT
HEADQUARTERS
541 Jefferson Ave Suite 100
Redwood City, CA 946023
WEBSITE
View Site
At SolarGaps, we believe we have developed one of the world’s first smart solar blinds, allowing households and commercial buildings to utilize window areas for green energy generation and reduce electricity bills and CO2 emissions. After five years of R&D, we have successfully developed the product, fully patented technology, and already completed over 300 installations around the world. Today, we have active distributors in 20+ countries and continue expanding into new markets.
TEAM
Eugene Erik
CEO and Board Member
Pleas note Eugene does not take a salary for his role with the company, please refer to the Company's risk factors section for more information.
Andrew Koval
CTO and Board Member
Oleksandr Krotenko
COO
TERMS
SolarGaps
Overview
PRICE PER SHARE
$1.67
DEADLINE
Mar 1, 2023
VALUATION
$15.03M
AMOUNT RAISED
$105,036.37
Breakdown
MIN INVESTMENT
$499.33
MAX INVESTMENT
$4,113,318.55
MIN NUMBER OF SHARES OFFERED
5,988
OFFERING TYPE
Equity
ASSET TYPE
COMMON
SHARES OFFERED
Common Stock
MAX NUMBER OF SHARES OFFERED
2,463,065
Maximum Number of Shares Offered subject to adjustment for bonus shares
Company | : | SolarGaps, Inc. |
Corporate Address | : | 541 Jefferson Ave Suite 100, Redwood City, CA 946023 |
Offering Minimum | : | $9,999.96 |
Offering Maximum | : | $4,113,318.55 |
Minimum Investment Amount(per investor) | : | $499.33 |
Terms
Offering Type | : | Equity |
Security Name | : | Common Stock |
Minimum Number of Shares Offered | : | 5,988 |
Maximum Number of Shares Offered | : | 2,463,065 |
Price per Share | : | $1.67 |
Pre-Money Valuation | : | $15,030,000.00 |
Voting Rights of Securities Sold in this Offering
Voting Proxy. Each Subscriber shall appoint the Chief Executive Officer of the Company (the “CEO”), or his or her successor, as the Subscriber’s true and lawful proxy and attorney, with the power to act alone and with full power of substitution, to, consistent with this instrument and on behalf of the Subscriber, (i) vote all Securities, (ii) give and receive notices and communications, (iii) execute any instrument or document that the CEO determines is necessary or appropriate in the exercise of its authority under this instrument, and (iv) take all actions necessary or appropriate in the judgment of the CEO for the accomplishment of the foregoing. The proxy and power granted by the Subscriber pursuant to this Section are coupled with an interest. Such proxy and power will be irrevocable. The proxy and power, so long as the Subscriber is an individual, will survive the death, incompetency and disability of the Subscriber and, so long as the Subscriber is an entity, will survive the merger or reorganization of the Subscriber or any other entity holding the Securities. However, the Proxy will terminate upon the closing of a firm-commitment underwritten public offering pursuant to an effective registration statement under the Securities Act of 1933 covering the offer and sale of Common Stock or the effectiveness of a registration statement under the Securities Exchange Act of 1934 covering the Common Stock.
*Maximum number of shares offered subject to adjustment for bonus shares. See Bonus info below.
Investment Incentives and Bonuses*
Loyalty Bonus | 5% Bonus Shares
WeFunder prior Investors: Invest in this Reg CF round and receive additional 5% bonus shares
Time-Based:
Friends and Family Early Birds
Invest within the first 48 hours and receive 30% bonus shares.
Super Early Bird Bonus
Invest within the first week and receive 25% bonus shares.
Early Bird Bonus
Invest within the first two weeks and receive 20% bonus shares.
Amount-Based
$500+ | Tier 1
Invest $500+ and receive 5% off the first order of smart solar blinds.
$1,000+ | Tier 2
Invest $1,000+ and receive 5% bonus shares, 7% off the first order of smart solar blinds, 1 year of free service and support, and free for life: Bronze membership status.
$2,500+ | Tier 3
Invest $2,500+ and receive 10% bonus shares, 10% off the first order of smart solar blinds., 2 years of free service and support, free for life: Silver membership status.
$5,000+ | Tier 4
Invest $5,000+ and receive 20% bonus shares, 15% off the first order of smart solar blinds, 5 years of free service and support, a tour of the manufacturing facility, fee for life: Gold membership status.
$10,000+ | Tier 5
Invest $10,000+ and receive 30% bonus shares, 20% off the first order of smart solar blinds, 10 years of free service and support, access to the exclusive bonuses & perks that would be available only to the VIP clients, participation in the yearly Q&A call with the CEO, free for life: Platinum membership status.
*In order to receive perks from an investment, one must submit a single investment in the same offering that meets the minimum perk requirement. Bonus shares from perks will not be granted if an investor submits multiple investments that, when combined, meet the perk requirement. All perks occur when the offering is completed.
The 10% StartEngine Owners' Bonus
SolarGaps will offer 10% additional bonus shares for all investments that are committed by investors that are eligible for the StartEngine Crowdfunding Inc. OWNer's bonus.
This means eligible StartEngine shareholders will receive a 10% bonus for any shares they purchase in this offering. For example, if you buy 100 shares of Common Stock at $1.67 / share, you will receive 110 shares of Common Stock, meaning you'll own 110 shares for $167. Fractional shares will not be distributed and share bonuses will be determined by rounding down to the nearest whole share.
This 10% Bonus is only valid during the investors eligibility period. Investors eligible for this bonus will also have priority if they are on a waitlist to invest and the company surpasses its maximum funding goal. They will have the first opportunity to invest should room in the offering become available if prior investments are canceled or fail.
Investors will receive the highest single bonus they are eligible for among the bonuses based on the amount invested and time of offering elapsed (if any). Eligible investors will also receive the Owner’s Bonus and the WeFunder Loyalty Bonus in addition to the aforementioned bonus.
Irregular Use of Proceeds
We will not incur any irregular use of proceeds.
PRESS
ALL UPDATES
12.27.22
$400K+ Successfully Raised!
12.19.22
SolarGaps Partnership with the City of Zurich
In November, we participated in the Stadt Zürich Program. Within the Partnerships in the Smart Cities Vertical and The City of Zurich we will work together to test the use of solar blinds to properly measure their potential for urban buildings in Switzerland.
According to a study by TMR, the external blinds market in Europe will exceed US$ 33 bln by 2031. Switzerland was the first country to adopt this technology and our cooperation has an immense potential!
12.02.22
Great News - $100k Raised in 24 Hours!!!
Stack Owner's Bonus & Rewards!
Members get an extra 10% shares in addition to rewards below!
REWARDS
$499
StartEngine Owner’s Bonus
This offering is eligible for the StartEngine Owner’s 10% Bonus program. For details on this program, please see the Offering Summary section below.
$500
Tier 1
Invest $500+ and receive 5% off the first order of smart solar blinds.
$1,000
Tier 2
Invest $1,000+ and receive 5% bonus shares, 7% off the first order of smart solar blinds, 1 year of free service and support, and free for life: Bronze membership status.
$2,500
Tier 3
Invest $2,500+ and receive 10% bonus shares, 10% off the first order of smart solar blinds., 2 years of free service and support, free for life: Silver membership status.
$5,000
Tier 4
Invest $5,000+ and receive 20% bonus shares, 15% off the first order of smart solar blinds, 5 years of free service and support, a tour of the manufacturing facility, fee for life: Gold membership status.
$10,000
Tier 5
30% bonus shares, 20% off the first order of smart solar blinds, 10 years of free service and support, yearly Q&A call with CEO, free for life: Platinum membership status.
JOIN THE DISCUSSION
0/2500
HOW INVESTING WORKS
Cancel anytime before 48 hours before a rolling close or the offering end date.
WHY STARTENGINE?
REWARDS
We want you to succeed and get the most out of your money by offering rewards and memberships!
SECURE
Your info is your info. We take pride in keeping it that way!
DIVERSE INVESTMENTS
Invest in over 200 start-ups and collectibles!
With Regulation A+, a non-accredited investor can only invest a maximum of 10% of their annual income or 10% of their net worth per year, whichever is greater. There are no restrictions for accredited investors.
With Regulation Crowdfunding, non-accredited investors with an annual income or net worth less than $124,000, are limited to invest a maximum of 5% of the greater of those two amounts. For those with an annual income and net worth greater than $124,000, he/she is limited to investing 10% of the greater of the two amounts.
At the close of an offering, all investors whose funds have “cleared” by this time will be included in the disbursement. At this time, each investor will receive an email from StartEngine with their Countersigned Subscription Agreement, which will serve as their proof of purchase moving forward.
Please keep in mind that a company can conduct a series of “closes” or withdrawals of funds throughout the duration of the campaign. If you are included in that withdrawal period, you will be emailed your countersigned subscription agreement and proof of purchase immediately following that withdrawal.
StartEngine assists companies in raising capital, and once the offering is closed, we are no longer involved with whether the company chooses to list shares on a secondary market, or what occurs thereafter. Therefore, StartEngine has no control or insight into your investment after the close of the live offering. In addition, we are not permitted to provide financial advice. You may want to contact a financial professional to discuss possible investment outcomes.
For Regulation Crowdfunding, investors are able to cancel their investment at any point throughout the campaign up until 48 hours before the closing of the offering. Note: If the company does a rolling close, they will post an update to their current investors, giving them the opportunity to cancel during this timeframe. If you do not cancel within this 5-day timeframe, your funds will be invested in the company, and you will no longer be able to cancel the investment. If your funds show as ‘Invested’ on your account dashboard, your investment can no longer be canceled.
For Regulation A+, StartEngine allows for a four-hour cancelation period. Once the four-hour window has passed, it is up to each company to set their own cancelation policy. You may find the company’s cancelation policy in the company’s offering circular.
Once your investment is canceled, there is a 10-day clearing period (from the date your investment was submitted). After your funds have cleared the bank, you will receive your refund within 10 business days.
Refunds that are made through ACH payments can take up to 10 business days to clear. Unfortunately, we are at the mercy of the bank, but we will do everything we can to get you your refund as soon as possible. However, every investment needs to go through the clearing process in order to get sent back to the account associated with the investment.
Both Title III (Regulation Crowdfunding) and Title IV (Reg A+) help entrepreneurs crowdfund capital investments from unaccredited and accredited investors. The differences between these regulations are related to the investor limitations, the differing amounts of money companies are permitted to raise, and differing disclosure and filing requirements. To learn more about Regulation Crowdfunding, click here, and for Regulation A+, click here.
